News & Analysis as of

Carbon Emissions New York

Moritt Hock & Hamroff LLP

MHH Condo/Co-op Digest, Vol. VII - May 2024

This newsletter explores the emerging legal topics and issues affecting the condominium and cooperative services industry. Thought-leading attorneys from Moritt Hock & Hamroff’s Condominium and Cooperative Services Practice...more

Cozen O'Connor

First “City of Yes” Zoning Initiative Approved by NYC Council

Cozen O'Connor on

On December 6, 2023, the New York City Council approved the first of Mayor Adams’ three “City of Yes” zoning initiatives (Res. 0858-2023). The initiative, known as the City of Yes for Carbon Neutrality (COYCN), eliminates...more

Cozen O'Connor

New York Note – City Legislation, Mayoral Appointment, Tree Funding

Cozen O'Connor on

Last Thursday, the NYC Council convened a Stated meeting, where they passed and introduced multiple pieces of legislation. The Council passed legislation requiring that NYC’s vehicle fleet consist of zero-emissions vehicles...more

Foley Hoag LLP - Energy & Climate Counsel

New York State Begins Phase-Out of Inefficient Appliances in Effort to Decarbonize Buildings

One year after the adoption of New York’s Advanced Building Codes, Appliance and Equipment Efficiency Standards Act, New York has new minimum energy efficiency standards for products and appliances. The standards, which apply...more

Cozen O'Connor

City of Yes for Carbon Neutrality Enters Public Review

Cozen O'Connor on

On April 24th, the City Planning Commission referred the first of Mayor Eric Adams’ “City of Yes” zoning text amendments for public review. The proposed text amendment, prepared by the Department of City Planning in close...more

Morrison & Foerster LLP

NYC’s Local Law 97 Update: PACE Yourself

The first compliance period under New York City’s Local Law 97 (LL97) begins on January 1, 2024, and a January 2023 REBNY-commissioned study concluded that over 3,700 properties could be out of compliance and face over $200...more

Cadwalader, Wickersham & Taft LLP

Local Law 97 Compliance Deadline Looming: ‘One Way or Another – This Darkness Got to Give’

Compliance deadlines for Local Law 97 of 2019 are steadily approaching, with the first reporting date being May 1, 2025, at which time owners of buildings covered by the law will be required to report compliance with the...more

Harris Beach PLLC

For New York Schools, Going Green Just Got a Little Easier

Harris Beach PLLC on

In September of 2021, Gov. Kathy Hochul announced the allocation of $59 million to fund the Clean Green Schools Initiative. The program aims to advance clean energy efficiency solutions and clean energy to improve indoor air...more

Pillsbury - Gravel2Gavel Construction & Real...

New York Climate Mobilization Act Update: Reducing Carbon Emissions and Funding Solutions

In our June 16 CMA Update, we discussed how the New York City Climate Mobilization Act (CMA) will affect building owners and the market for CMBS mortgage loans (loans pooled and resold as commercial mortgage-backed...more

Cole Schotz

Eligible New York City Building Owners: Now Is The Time To Take Advantage Of C-PACE Financing

Cole Schotz on

In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar...more

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